Fixed vs Variable › Is a fixed or variable rate better right now?

Is a fixed or variable rate better right now?

There is no single right answer, it depends on your situation and your view on where rates are heading, which nobody can predict reliably. Many borrowers split the loan to get some of both.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

Anyone claiming certainty about which is better is guessing, because it hinges on future rate moves. What matters more is your own position: how important a stable repayment is, whether you want an offset and extra repayments, and how long you plan to keep the loan. A split loan is a common middle path that hedges the bet.

The key points

No one can reliably predict rate movements.
It depends on your situation and priorities.
Stability versus flexibility is the real question.
A split loan hedges between the two.

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More fixed vs variable questions

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Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.